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Old 03-11-2007, 06:59 PM
TaxGuru TaxGuru is offline
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Join Date: Jan 2007
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The IRS has been known to fine $50 per 1099-Misc ommission, and a further $50 per month delay in the filing.

However, I must admit that I have never seen this imposed in my 20 years of accounting and tax practice. So, I would recommend firstly to inform the designer that you intend to file a 1099-Misc report to the IRS. Then, I would file the 1099-Misc along with a Form 1096 called Annual transmission report.

I would strongly recommend that you go to a CPA to file this as most Office Supply stores would have run out of their 1099 and 1096 supplies.
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